Hope all is well.
We have just funded a $3,000,000 refinance/construction loan for a special use property located in Broadview Heights, Ohio, a suburb of Cleveland. The borrower plans to expand an existing 37,618 sq. ft. building into a 67,000 sq. ft.…Continue
Added by Jeffrey Silver on November 17, 2015 at 11:57am — No Comments
Kevin Wolfer, president and chief executive officer of Kennedy Funding Inc., the largest mortgage holder for the previous owner, said the deal with HNA Group closed Friday, effectively ending New Jersey-based holding company’s interest in the troubled 550-acre resort.
Added by Jeffrey Silver on November 11, 2015 at 8:49am — No Comments
Kennedy Funding has just closed a $7,380,000 construction loan for a proposed 126 unit independent living community in Lakeshore, Ontario, Canada. While it is not typical for KFF to provide construction loans outside of the US we saw a great opportunity to service an area that lacked senior living facilities. The three-year interest only loan was made to…Continue
Added by Jeffrey Silver on July 28, 2015 at 8:11am — No Comments
Hope you are enjoying your summer!
We just closed a $3,410,000 loan on a 260,000 sq. ft. industrial facility situated on 52.68 acres located in Mercersburg, PA. The loan was used to pay off an existing mortgage of $2,600,000 owed to Susquehanna Bank. This type of asset, especially when…Continue
Added by Jeffrey Silver on July 14, 2015 at 8:14am — No Comments
Kennedy Funding has just funded a $1,410,000 loan on a mixed use development located in Sidney, Montana. The borrower plans to use the funds for necessary road improvements required by the Montana Department of Transportation. Their urgency was to get the necessary funds in place and complete the improvements prior to Montana's early winters.…Continue
Added by Jeffrey Silver on June 9, 2015 at 11:51am — No Comments
We have just closed an $880,000 loan on a 16,835 square foot industrial/retail building known as Sleep Shopper Store, located on Northern Freeway in Houston, Texas. Although this loan is below our typical loan minimum of $1M, we saw an opportunity to help a borrower with very limited financing options. An owner occupied, single tenant building with loan proceeds going towards an unrelated project kept most lenders at bay. We were…Continue
Added by Jeffrey Silver on May 27, 2015 at 8:03am — No Comments
We have just funded a $3.5M land loan on a 10.31 acre parcel of vacant land in Bensalem, Bucks County, PA. The loan proceeds were used to pay off existing debt as well as working capital to keep the project moving forward. The borrower plans on constructing a 300,000 sq./ft all-inclusive integrated medical complex at a cost of over $185,000,000. …Continue
Added by Jeffrey Silver on March 26, 2015 at 8:25am — No Comments
If you want to know how to close a loan of over $1 million with a real lender and not a broker who will tell you anything but never preform go to www.kennedyfunding.com to learn what you need for a real company to fund your loan. We have been a direct private a commercial lender for over 25 years and funded over $2.5 billion in closed loans. Learn from the best. If you have any questions call or email me and I will be glad to speak with…Continue
Added by Jeffrey Silver on June 25, 2014 at 6:45am — No Comments
Kennedy Funding has just closed a loan for the former Elvis Presley Ranch for $2.3 Million. The ranch comprised of 231 acres in Horn Lake MS. It is very close to Memphis Tenn. If you have a land or land development deal that banks and other lenders have turned down bring it to us we can fund in 30 days or less.
Senior Loan Officer
Kennedy Funding Financial, LLC
930 Sylvan Ave.
Englewood Cliffs, NJ 07632
Added by Jeffrey Silver on June 4, 2014 at 8:25am — No Comments
We recently funded a land loan in Cabrera, Dominican Republic, a well known beach community. The funds are being used to pay off existing debt and for entitlements/approvals for future development. Our borrower, a prominent US citizen with a very strong business resume still found it difficult to secure financing on land in the Dominican Republic. Kennedy Funding was able to see the upside of the project and was able to provide the necessary funds needed to get the project underway. …Continue
Added by Jeffrey Silver on January 7, 2014 at 8:51am — No Comments
Kennedy Funding has just closed a land loan in the Dominican Republic. If you have a commercial loan you need funded quickly contact me directly. We fund all over the U.S. and a good part of the world.
Added by Jeffrey Silver on December 18, 2013 at 12:50pm — No Comments